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Speaker 1: Today on Fear and Greed. Exit polls suggest that there's

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Speaker 1: an early swing to the ALP in pre poll voting,

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Speaker 1: BHP searches for a new CEO and the real meaning

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Speaker 1: of ANZAC Day. Welcome to Fear and Greed Daily business

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Speaker 1: news for people who make their own decisions. It is Friday,

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Speaker 1: the twenty fifth of April twenty twenty five. ANZAC Day.

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Speaker 1: Are Michael Thompson and Good Morning Sean Aylmer.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: It is a shorter show this morning as we observe

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Speaker 1: ANZAC Day. The main story. The early polling signs for

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Speaker 1: the federal opposition are not particularly.

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Speaker 2: Good, not at all. One million people voted in the

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Speaker 2: first two days in pre polling. Early exit polls conducted

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Speaker 2: by news Corps suggest a swing towards the government of

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Speaker 2: four percent. The most likely result until now has been

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Speaker 2: a minority government, but with you know, a million Australians

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Speaker 2: having voted and that sort of swing, there is a

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Speaker 2: real chance of a majority government. News Corps surveyed four

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Speaker 2: thousand people in nineteen battleground states in all jurisdictions except

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Speaker 2: Western Australia and the Australian Capital Territory. They basically did

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Speaker 2: two hundred people in each of those nineteen battleground electorates.

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Speaker 2: So I said, states deny meant electorates nineteen battleground electorates

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Speaker 2: two hundred and each, and they saw this massive swing

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Speaker 2: to the LP. Now early days and one sort of

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Speaker 2: exit poll does not make an election. However, the signs

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Speaker 2: are not at all positive for the opposition.

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Speaker 1: No, certainly not. The other interesting thing in all of

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Speaker 1: that is just how many people have taken advantage of

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Speaker 1: pre poll voting. Because one million people and maybe it's

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Speaker 1: the fact that in different parts of the country there

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Speaker 1: are school holidays on at the moment, so people are

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Speaker 1: kind of maybe working different routines and able to get

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Speaker 1: in and vote early. But a million people.

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Speaker 2: I would have thought schooldays would actually play down. I

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Speaker 2: mean you would think that people would wait for polling

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Speaker 2: day because they're on holidays. Yet a million people and

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Speaker 2: that was the first two days, so we had yesterday

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Speaker 2: as well.

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Speaker 1: That is staggering, enormous, enormous. And still on politics, Labor

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Speaker 1: has promised to establish a critical minerals reserve as leverage

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Speaker 1: with the Trump administration over tariffs. This is interesting.

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Speaker 2: Australia will spend one point two billion dollars establishing a

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Speaker 2: national stockpile of minerals needed in products as diverse as

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Speaker 2: electric batteries, computers, military equipment, et cetera. Now, the globe generally,

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Speaker 2: the White House specifically, but the globe generally is trying

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Speaker 2: to break China's strangle hold over global supplies of many,

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Speaker 2: many of these critical minerals. Australia has a stack of them,

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Speaker 2: and Prime Minister Anthony Albernezi is basically saying, well, we

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Speaker 2: have a competitive advantage here. Thus I'm going to establish

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Speaker 2: a critical Minerals strategic reserve to purchase and whole minerals

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Speaker 2: like lithium, rare earths, nickel, cobalt, graphite, that will be

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Speaker 2: done via special agreements with local producers. It's strategically quite significant. Now,

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Speaker 2: oppositionally a Petter Dutton. He didn't to be honest, he said,

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Speaker 2: he said, I was just re announcing an old policy,

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Speaker 2: which might be right. He isn't exactly against it, so

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Speaker 2: he mean he didn't come out and say no, that's

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Speaker 2: a dumb policy or any stretch. I think the strategy

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Speaker 2: behind it, I think both sides of politics see these

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Speaker 2: importance in that.

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Speaker 1: Yeah, they would both probably agree that it is sound.

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Speaker 1: How did local markets perform yesterday after a fairly good

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Speaker 1: night on Wall Street?

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Speaker 2: Yeah, the S and PA s X two hundred hell

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Speaker 2: on to its gains of Wednesday to close up more

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Speaker 2: than half a percent, just under seventy eight h sorry,

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Speaker 2: just under eight thousand points. The uranium stocks Paladin and

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Speaker 2: Energy dbla best name stock on the Yes, mind your

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Speaker 2: boss Energy is another uranium stock like that one.

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Speaker 1: Tough.

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Speaker 2: They all did well. The energy companies were among the worst.

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Speaker 2: Woodside was down a couple of percent. Healthcare and materials

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Speaker 2: companies Brace did well. If you look at the large caps, Westpac,

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Speaker 2: ain Z, Mcquarie, and Rio all up around one percent.

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Speaker 2: Wiset Global jump three percent for the three days of

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Speaker 2: trading this week, The Boss was up more than two percent,

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Speaker 2: the best weekly gain this year. You mentioned Wall Street.

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Speaker 2: It did follow a very strong not on Wall Street. Now,

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Speaker 2: the Wall Street Journal en Reuter's were reporting that the

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Speaker 2: Trump administration is looking at lurering Tarretts on imported Chinese

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Speaker 2: goods pending talks with Beijing. The numbers they're talking about,

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Speaker 2: it's fifty to sixty five percent. Good news for financial markets.

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Speaker 1: If that happens, Yeah, absolutely, all right, We've still got

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Speaker 1: a bit to cover. It is a shorter show today, Sean,

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Speaker 1: and no newsletter today as well, no Fear and Greed

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Speaker 1: daily newsletter. But it will be back on Monday and

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Speaker 1: back every day well forever forever. Basically it goes on

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Speaker 1: for eternity. So if you haven't signed up had Along

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Speaker 1: to Fearangreed dot com today, you pop your email addressing

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Speaker 1: and you'll get that on Monday, Sean. We'll be back

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Speaker 1: in a moment with the rest of the day's business news, Sean.

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Speaker 1: BHP will soon start a search for a new chief executive,

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Speaker 1: with kee lieutenants already jostling for position to succeed Boss

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Speaker 1: Mike Henry at the top of the world's biggest minor.

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Speaker 2: The understanding at bhps that Henry is now heading towards

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Speaker 2: the end of his tenure, according to company insiders, as

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Speaker 2: reported by Bloomberg. They emphasized that no decision has been

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Speaker 2: made Bloomberg's reporting that a change could come as soon

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Speaker 2: as early next year. The internal front runners of the

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Speaker 2: role seemed to be Geraldine Slattery, who heads the company's

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Speaker 2: Australian minds, chief financial officer of Vandita Pant, a guest

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Speaker 2: on our show previously, and ragna Ud, who runs the

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Speaker 2: commercial team. The chief executive search will also include external candidates,

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Speaker 2: no doubt, but I think running BHP, in perhaps running CBA,

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Speaker 2: they are the two blue ribbon jobs in corporate Australia.

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Speaker 1: Yeah, Mike Henry has done this since the start of

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Speaker 1: twenty twenty. How successful would you raise his time?

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Speaker 2: That's a tricky question because it's been through a lot

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Speaker 2: of Like they tried to take a couple of companies

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Speaker 2: in Anglo American didn't come off. They did take over

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Speaker 2: OZ Minerals, so that worked. Commodity prices have fallen. Their

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Speaker 2: BHP really rises and falls on commodity prices. If you

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Speaker 2: do it purely on share price terms, you would not

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Speaker 2: say Mike Henry. It's necessarily been one of the best CEOs,

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Speaker 2: but he certainly held the company together through a difficult patch.

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Speaker 1: Yeah. Indeed. Now, sleep device maker ResMed says it has

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Speaker 1: received an exemption from Donald Trump's trade tariffs, sending its

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Speaker 1: share price up eight percent.

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Speaker 2: It means it's exports for manufacturing hubs in Australia and

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Speaker 2: Singapore will dodge the trade War Chief executive Mick Farrell

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Speaker 2: conceded nothing was certain under the current US administration, and

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Speaker 2: the company is doubling its US manufacturing footprint with a

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Speaker 2: new plant in California in case it also ResMed also

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Speaker 2: outlined a slightly disappointing earning's result for the March quarter,

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Speaker 2: but the idea that it would escape tariffs was what

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Speaker 2: put a rocket under its share price.

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Speaker 1: Now, of course, it is ANTAC Day today, Sean, and

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Speaker 1: you might be listening to this on the way to

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Speaker 1: a dawn service as a day that has a very

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Speaker 1: special meaning for a lot of Australians. It's one hundred

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Speaker 1: and nine years old, though commemorates the Australian and New

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Speaker 1: Zealand Soldiers expedition that set out to capture the Gallipoli

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Speaker 1: Peninsula in nineteen to fifteen.

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Speaker 2: Yeah, one hundred and ten years ago. It's part of

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Speaker 2: Australian law. A few other things would match it. ANZAC,

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Speaker 2: of course, stands for the Australian and New Zealand Army Corps.

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Speaker 2: Typically it starts with a commemorative service at dawn. Now

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Speaker 2: the reason is at dawn because that was the attack

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Speaker 2: time at Glipoli. Includes famous the Anzac biscuits my favorite

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Speaker 2: growing up oatmeal. They Anac biscuits were originally square, you know,

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Speaker 2: I didn't know that now around roundish and of course

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Speaker 2: ends with the traditional game of two up. The last

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Speaker 2: surviving Anzac was Alexander William Campbell, who passed away on

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Speaker 2: sixteen May two thousand and two. Unlike other countries engaged

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Speaker 2: in World War One, conscription wasn't introduced into Australia, So

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Speaker 2: all Australians who fought in World War One and that

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Speaker 2: Glipoli were volunteers. And I think that, in a sense

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Speaker 2: is why we hold the day so, dear tourist, it

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Speaker 2: was actually people putting their hand up, volunteering to go

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Speaker 2: and take on the enemy.

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Speaker 1: Turning into international news now, Sean, and I mean, obviously

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Speaker 1: we're talking about Anzac Day, but it's just reminded that

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Speaker 1: conflict are still kind of raging elsewhere in the world.

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Speaker 1: Russian air strikes targeting Kiev killed at least nine people

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Speaker 1: into more than seventy others yesterday and the deadliest and

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Speaker 1: the largest bombardments of the Ukrainian capital in months now.

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Speaker 2: Ukraine State Emergency Service said forty two people were hospitalized,

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Speaker 2: including six children after ballistic missiles and drones struck apartment

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Speaker 2: buildings in Kiev, home to nearly four million residents. According

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Speaker 2: to the Financial Times, strikes also hit several other cities

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Speaker 2: across seven regions in the country. The attacks came a

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Speaker 2: day after President Donald Trump admonished Ukrainian President Vladimir Zelenski

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Speaker 2: for refusing to make concessions to secure peace and go

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Speaker 2: along with a proposal for the US to recognize Russia's

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Speaker 2: occupation of Crimea, the Black Sea peninsula that Moscow annexed

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Speaker 2: in twenty fourteen.

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Speaker 1: Finally, sewan Nesla, the world's biggest food company, is booming

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Speaker 1: on the back of higher chocolate and coffee prices, with

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Speaker 1: the Swiss Group saying sales in the March quarter were

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Speaker 1: higher than expected.

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Speaker 2: So organic sales are up only two point eight percent

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Speaker 2: as in but that's a lot higher than forecasts. And

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Speaker 2: when we are talking about tens of billions of dollars

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Speaker 2: two point eight percent, there's a lot of money chunk

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Speaker 2: where it all comes from. Well, confectionery chocolate up nine percent,

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Speaker 2: fair coffee five percent. Now this comes on the top

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Speaker 2: of record prices for cocoa beans and coffee, and I think

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Speaker 2: coffee is it's close to oric. I can't think of

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Speaker 2: the top of my head, Michael, which one it is.

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Speaker 2: Nesle's interesting company. It's Swiss based. Up share price up

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Speaker 2: to seventeen percent this year. It's been one of the

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Speaker 2: real boom companies in that food sector, and mostly on

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Speaker 2: the back of coffee and chocolate.

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Speaker 1: Sean, your interview today is coming up next in the

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Speaker 1: Fear and Greed playlist. It is actually a conversation that

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Speaker 1: we recorded two years ago now and published it then

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Speaker 1: and we haven't released it again since then, but it

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Speaker 1: is worth revisiting today. You're speaking with Matt McLaughlin who

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Speaker 1: runs a company called Matt McLachlan Battlefield Tours, and it

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Speaker 1: is just such an interesting conversation about taking people around

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Speaker 1: the world to all of these locations, to the Western Front,

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Speaker 1: to Gallipoli of course, and the significance of it and

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Speaker 1: why people almost feel the need to do a pilgrimage.

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Speaker 2: Yeah, yeah, and it's very spiritual.

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Speaker 1: Yeah, absolutely, And it's a really really powerful conversation. Well

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Speaker 1: worth a listener at some point today if you get

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Speaker 1: a chance just to have a listen to that one.

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Speaker 1: It is coming up next in the Fear and Greed

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Speaker 1: playlist or you can find it at the website Fearangreed

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Speaker 1: dot com dot au. Thank you very much, Sean, Thank you, Michael.

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Speaker 1: It is Friday, the twenty fifth of April twenty twenty five.

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Speaker 1: Make sure you're following the podcast and enjoined us online

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Speaker 1: of course, on LinkedIn, Instagram, x TikTok and Facebook. I'm

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Speaker 1: Michael Thompson and that was Fear and Greed. Have a

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Speaker 1: great day.